IRS increases pension and retirement plan contribution limits for 2025
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
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2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
A group of Republican senators and representatives said IRS officials violated "anti-gag" rules that protect federal employees.
After years of abject performance, the tax agency is finally making significant strides — no, really.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Differences in local tax rates across the U.S. can add up for those who live in certain states.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
His legal team is going on the offensive, calling for state and federal investigations into the dissemination of material from his laptop.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
The estate in July agreed to pay the IRS $388 million to settle the $2.8 billion claim, which was made in 2013.
The Internal Revenue Service says former "Little House on the Prairie" star Melissa Gilbert failed to pay more than $360,000 in federal income taxes.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
A jury says the founder of Michigan-based Happy's Pizza was withholding too much dough from the IRS.
The estate of former Detroit Pistons owner Bill Davidson is challenging the government in U.S. Tax Court over billions of dollars claimed by the IRS.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
Downtown Detroit will begin to be a lot brighter just in time for the Christmas season.
Chloe and Helena Bennett were inside their Orion Township condo when it exploded Tuesday night.
Ten days ago, former Red Wings great Pavel Datsyuk was inducted into the Hockey Hall of Fame, and on Thursday, Detroit honored the man nicknamed the "Magic Man."
Lucas Raymond scored with 51 seconds remaining and the Detroit Red Wings beat the New York Islanders 2-1.
The commissioners voted 10-0 to reject the sheriff's proposal to hire three additional deputies focused on fugitive apprehension.
Downtown Detroit will begin to be a lot brighter just in time for the Christmas season.
On Thursday, Tlaib said the warrant "signals that the days of the Israeli apartheid government operating with impunity are ending."
Chloe and Helena Bennett were inside their Orion Township condo when it exploded Tuesday night.
Hoekstra, who was named chairman earlier this year, previously served as a U.S. House representative in Michigan's 2nd District and as the U.S. ambassador to the Netherlands during Trump's first term.
A 72-year-old man and a 75-year-old woman suffered critical injuries. Several others suffered minor injuries as well.
Local UAW members claim Stellantis is to blame for roughly 4,000 layoffs this fall, not poor market conditions.
Ford said Wednesday most of the job cuts would come in Germany and would be carried out in consultation with employee representatives.
On average, a 15-gallon tank of gas will cost Michiganders $46, which is $12 less than what they were paying from 2023's highest price in August.
General Motors announced Friday it was laying off nearly 1,000 salaried workers worldwide.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Downtown Detroit will begin to be a lot brighter just in time for the Christmas season.
Tickets go on sale to the general public via Ticketmaster on Tuesday, Nov. 26.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Tickets go on sale Friday, November 22 at 10 a.m.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
These are the president's top advisers and the highest-ranked U.S. officials. Here's what Cabinet members do — and some issues they're likely to face if confirmed by the Senate.
Warehouse chain follows rival Costco in raising amount its 7.5 million members must pay to shop at BJ's stores.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
The school district introduced therapy dogs two years ago, and things have gone so well that it decided to add six more dogs.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
CDC data shows rates of Mycoplasma pneumoniae have surged in babies.
A WARN notice says that an agreement between the hospital and the Secretary of Health and Human Services would be terminated because the hospital was not in compliance with some of the Medicare Conditions of Participation.
A number of homes in parts of Metro Detroit are seeing elevated levels of lead in their drinking water, according to officials.
Ten days ago, former Red Wings great Pavel Datsyuk was inducted into the Hockey Hall of Fame, and on Thursday, Detroit honored the man nicknamed the "Magic Man."
Lucas Raymond scored with 51 seconds remaining and the Detroit Red Wings beat the New York Islanders 2-1.
The No.1 recruit had been committed to the LSU Tigers since January 2024.
Detroit's Tarik Skubal wins the AL Cy Young Award after leading the Tigers to its first playoff in a decade.
Hinch, a 50-year-old in his fourth season leading the Tigers, made the playoffs with a torrid second half despite losing quality players like right-hander Jack Flaherty at the July 30 trade deadline.
Hackel, the former Macomb County Sheriff, said the results of the 2024 contest are giving him more confidence than ever that he has the right stuff and resumé to be governor.
How did the Democrats lose so many races at once?
In Michigan, the Democrats have control of the governor's mansion and both state houses.
In Michigan, the Democrats now have control of the governor's mansion and both state houses.
Both party chairs also talked about the ground game as each looks for independent voters and those who haven't voted in a while they hope to inspire to show up on Nov. 5.
Downtown Detroit will begin to be a lot brighter just in time for the Christmas season. The city will host its 21st annual Christmas tree lighting ceremony on Friday.
The Michigan Wolverines will be bringing in a new force after flipping Belleville High School quarterback Bryce Underwood from LSU. Sports insider Alejandro Zuniga sat down with CBS News Detroit to discuss what's next for the team.
Within minutes, life completely changed for sisters Chloe and Helena Bennett. They were inside their Orion Township condo that exploded Tuesday night.
Ten days ago, former Red Wings great Pavel Datsyuk was inducted into the Hockey Hall of Fame, and on Thursday, Detroit honored the man nicknamed the "Magic Man."
The Macomb County Board of Commissioners has rejected a proposal to create a crime suppression unit for the sheriff's office. The commissioners voted 10-0 to reject the sheriff's proposal to hire three additional deputies focused on fugitive apprehension.